America implicated in China and European Union Investment Agreement – US implicated in investment agreement of China and European Union


World Desk, Amar Ujala, Brussels
Updated Fri, 25 Dec 2020 3:10 PM IST

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Despite the agreement on the proposed investment agreement between China and the European Union (EU), the signing program has been postponed. It is said that America has trapped the initial screw in it. France and Poland then announced to veto it. Whereas earlier this agreement was expected to be signed this week.

The meeting of the EU trade negotiator Valdis Dombrowskis and China’s trade negotiator Liu He was also finalized to finalize the terms of the agreement, but the meeting had to be postponed. The news first came that the break was imposed by the team of US elected President Joe Biden.

Biden’s nominated national security adviser, Jake Sullivan, sent the message that the next US administration wants to discuss common concerns with China over economic issues with its European partners as soon as possible. It was feared that if the EU reached a separate agreement, the move would be against the elected President Biden’s wish to form a joint strategy with Europe on China’s case.

Following these reports, France made it clear that it would not support the investment agreement with China. France’s Deputy Minister of Trade Frank Reister told the Paris newspaper La Mond- France is not interested in getting investment facility in China if we cannot move towards ending forced labor.

Reister said trade agreements should be used to progress on social issues. He said that the agreement that has been agreed will lead to greater access to the Chinese market, but it will not protect European investment. Reister said that protecting European companies from the possibility of sudden nationalization in China is very important. Reister claimed that Belgium, Luxembourg and the Netherlands were also with France in this matter.

On the other hand, Poland on Thursday requested the EU not to hurry to reach an agreement with China. He said that he should step in this direction by cooperating with America. According to the website Politico.eu, an EU diplomat in her talks admitted that the EU has faced opposition from several member states over the issue of the EU-China agreement. The main reason for the protest is the alleged weakening of the provision of investment protection in China and does not include the condition of stopping forced labor.

So far neither China or EU has given any information as to when the next talks between the two sides will take place. On media questions about this, it was only said from both places that China and the EU are in constant contact and trying to resolve the remaining issues.

Despite the agreement on the proposed investment agreement between China and the European Union (EU), the signing program has been postponed. It is said that America has trapped the initial screw in it. France and Poland then announced to veto it. Whereas earlier this agreement was expected to be signed this week.

The meeting of the EU trade negotiator Valdis Dombrowskis and China’s trade negotiator Liu He was also finalized to finalize the terms of the agreement, but the meeting had to be postponed. The news first came that the break was imposed by the team of US elected President Joe Biden.

Biden’s nominated national security adviser, Jake Sullivan, sent the message that the next US administration wants to discuss common concerns with China over economic issues with its European partners as soon as possible. It was feared that if the EU reached a separate agreement, the move would be against the elected President Biden’s wish to form a joint strategy with Europe on China’s case.

Following these reports, France made it clear that it would not support the investment agreement with China. France’s Deputy Minister of Trade Frank Reister told the Paris newspaper La Mond- France is not interested in getting investment facility in China if we cannot move towards ending forced labor.

Reister said trade agreements should be used to progress on social issues. He said that the agreement that has been agreed will lead to greater access to the Chinese market, but it will not protect European investment. Reister said that protecting European companies from the possibility of sudden nationalization in China is very important. Reister claimed that Belgium, Luxembourg and the Netherlands were also with France in this matter.

On the other hand, Poland on Thursday requested the EU not to hurry to reach an agreement with China. He said that he should step in this direction by cooperating with America. According to the website Politico.eu, an EU diplomat in her talks admitted that the EU has faced opposition from several member states over the issue of the EU-China agreement. The main reason for the protest is the alleged weakening of the provision of investment protection in China and does not include the condition of stopping forced labor.

So far neither China or EU has given any information as to when the next talks between the two sides will take place. On media questions about this, it was only said from both places that China and the EU are in constant contact and trying to resolve the remaining issues.


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